Building the Next Generation of Trust in Financial Services

Trust has always been the foundation of financial services. From opening accounts to approving loans and managing investments, institutions rely on strong identity verification systems to protect clients and meet regulatory requirements.

But traditional mechanisms of building this trust — like Know Your Customer (KYC) processes — are showing their cracks. They are slow, repetitive, and vulnerable to fraud. At the same time, customer expectations have shifted: people now demand seamless, privacy-first interactions without the friction of outdated identity checks.

It’s time for a new model of trust.

Enter VALid™ by Validity Worldwide: a next-generation identity layer that empowers individuals to control their verified credentials while enabling institutions to verify trust at every connection point — quickly, securely, and at scale.

The Problem with Traditional KYC

For decades, KYC has been the backbone of trust in finance. It ensures institutions know their customers and protects against crimes like money laundering and fraud. But the current model is burdened by:

• Inefficiency: KYC checks are repetitive and time-consuming, often requiring days or weeks for manual verification.

• Data Vulnerabilities: Sensitive data is stored in centralized databases — prime targets for cyberattacks and breaches.

• Customer Frustration: Customers are asked to provide the same information again and again across multiple institutions, creating friction and eroding trust.

The result? Rising costs, increased fraud, and declining user satisfaction.

VALid™: A Game-Changer for Financial Trust

VALid™ redefines identity verification by anchoring trust directly to the user and their wallet. Instead of relying on siloed databases, individuals hold their verified credentials in a secure digital wallet and share them only when needed.

This persistent, portable identity works across any blockchain, wallet, or platform — eliminating redundancy, reducing fraud, and accelerating customer onboarding.

Streamlined KYC Processes

With VALid™, a customer verified once can share their credentials across institutions without repeating the process. A mortgage applicant, for example, can securely share only the required data (income, citizenship, proof of address) directly from their wallet, cutting weeks off the approval timeline.

Mitigating Fraud

Fraud thrives in fragmented, centralized systems. VALid™ protects against identity theft and synthetic fraud by using:

• Cryptographic Verification — ensuring credentials are authentic and tamper-proof.

• Selective Disclosure — institutions only access the specific data they need, never the full dataset.

Building Customer Trust

Customers want control over their data. VALid™ makes them active participants in the trust process, deciding what information to share and with whom. This transparency strengthens relationships and builds long-term loyalty.

Benefits for Financial Institutions

Financial services firms adopting VALid™ unlock measurable advantages:

• Frictionless Onboarding: Reduce time and cost of KYC with verified credentials that travel with the customer.

• Fraud Prevention: Cut losses from identity-based fraud through stronger verification at every connection point.

• Regulatory Compliance: Built with privacy by design, VALid™ aligns with GDPR, CCPA, and global data protection standards.

• Customer Retention: Deliver seamless, privacy-first experiences that keep customers engaged and satisfied.

A New Era of Trust in Finance

The financial services industry is at a crossroads. Legacy KYC systems are no longer enough. Fraud is rising, customer expectations are evolving, and regulatory demands are tightening.

By adopting VALid™, financial institutions can step into a new era of trust — one defined by security, efficiency, transparency, and resilience.